Earnlogic helps individuals or groups to incorporate as a board under the Charitable Trusts Act 1957 if the objects are charitableTrust registration is registered under trust registration act, 1882 and it is preferred for a NGO or non-profit organization for the public charitable works. The owner (trustor) can transfer the right of the property to a second person (trustee) so that the third person can enjoy the benefits. Trust can be divided into two parts public and private trusts. Public trusts are public charitable trust and public religious trust and private trust is one whose beneficiary includes family or individual.
Trust deed is necessary to register the trust registration process and it is formed in a non-judicial stamp paper. Trust requires 12 A certificates from income tax and 80G certificate from the income tax act. At the time of charitable trust registration, it is necessary that the person has complete knowledge on trust registration and the fees payable at the time of registration
